Israel: Plastic Closure Market 2024

Plastic Closure Market Size in Israel

In 2022, the Israeli plastic closure market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a mild descent. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Plastic Closure Exports

Exports from Israel

Plastic closure exports from Israel soared to X tons in 2022, growing by X% on the previous year's figure. In general, exports showed a strong expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic closure exports surged to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X tons) was the main destination for plastic closure exports from Israel, with a X% share of total exports. Moreover, plastic closure exports to the United States exceeded the volume sent to the second major destination, Peru (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and the Netherlands (X% per year).

In value terms, the United States ($X) remains the key foreign market for plastic stoppers, caps and closures exports from Israel, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average plastic closure export price amounted to $X per ton, flattening at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guatemala ($X per ton) and Australia ($X per ton), while the average price for exports to Germany ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Israel

In 2022, purchases abroad of plastic stoppers, caps and closures increased by X% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, plastic closure imports expanded remarkably to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The United States (X tons), Turkey (X tons) and China (X tons) were the main suppliers of plastic closure imports to Israel, with a combined X% share of total imports. Germany, Italy, France, Spain, Switzerland, Belgium, Hungary, the UK, Austria and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Turkey ($X) and China ($X) appeared to be the largest plastic closure suppliers to Israel, together comprising X% of total imports. Germany, Italy, France, Spain, Switzerland, Belgium, Hungary, the UK, Austria and Canada lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Austria, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic closure import price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Canada ($X per ton), while the price for Hungary ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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